Refine Search
Article Categories
Strategy Tags
- Direct lending (29)
- Emerging markets (5)
- High yield bonds (27)
- Investment grade credit (8)
- Structured credit (7)
- CLO (8)
- Distressed debt (remove)
- Leveraged loans (9)
- Marketplace lending (1)
- Synthetic/SRT (19)
- ABL Financing (10)
Geography Tags
-
Credit traders' kickstand: rolling with the pain, as relative value trades come unstuck
4 years ago
What a difference a month - and a pandemic - make. This time in February, no-one could have imagined a global financial crisis would be unfolding, that credit performance would be a battle between a virus and some of the biggest government and central bank interventions on record, that today's iTraxx Europe and CDX index rolls would traverse unprecedented ranges, that option expiry strikes would be blown beyond recognition, or that cash and CDS differentials would be whipsawing with such violence -
Thomas Cook CDS settles with higher than expected recovery
4 years ago
CDS referencing Thomas Cook Group settled with a final price of 10.125 cents at yesterday's credit event auction, making the high pay-outs to protection buyers still less profitable for them than had been expected -
Thomas Cook CDS auction sets initial midpoint at nine cents
4 years ago
An auction to settle CDS referencing Thomas Cook Group has derived an initial market midpoint of 9.125 cents, implying protection buyers will receive a pay-out on contracts in the region of 89 cents -
JP Morgan AM closes first special situations fund
4 years ago
JP Morgan Asset Management has held a final closing for its first special situations fund, with more than 50% of investors backing the fund to be first-time investors in a JP Morgan Alternatives fund -
Thomas Cook CDS buyers face bond squeeze as DC ejects 2023 notes from auction
4 years ago
The likelihood of a squeeze on Thomas Cook Group obligations has increased for market participants looking to physically settle their CDS contracts, after the Determinations Committee ruled that the collapsed UK travel firm’s €400 million 3.875% senior notes due 2023 were inadmissible into a credit event auction -
Thomas Cook CDS auction set for two deliverables
4 years ago
Market participants have until 5pm London time (12pm New York) on Thursday to challenge the supplemental list for an auction to settle CDS referencing Thomas Cook Group, which so far looks like it will have two deliverable obligations -
Thomas Cook ruling puts 2014 format CDS contracts back in the money
4 years ago
Thomas Cook Group triggered a failure-to-pay credit event when it filed for chapter 15 protection last month, the Determinations Committee has ruled – a decision that has big implications for holders of newer format CDS contracts on the name -
AnaCap hits €1 billion hard cap for European credit opps fund
4 years ago
AnaCap Financial Partners has exceeded its €750 million target size for AnaCap Credit Opportunities IV -
Utah fund set to invest $45 million across Beach Point and Crestline funds
4 years ago
The Utah School & Institutional Trust Fund Office is set to make commitments to credit funds managed by Beach Point Capital Management and Crestline Investors -
PennantPark raises $750 million for direct lending and opportunistic credit
4 years ago
PennantPark Investment Advisers has raised $750 million across four vehicles, according to an announcement -
AnaCap buys €4 billion Italian SME loan portfolio
5 years ago
AnaCap Financial Partners has made its first transaction of its fourth credit opportunities fund -
San Francisco pension plans to deploy $800 million to private credit in 2019
5 years ago
San Francisco Employee’s Retirement System will allocate $800 million to its private credit bucket in the coming year, to reach its 10% target allocation -
Astaldi CDS auction sets 30.875 final price as physical settlement boosts recovery
5 years ago
An auction today to settle credit default swaps referencing Astaldi has determined the final price to be 30.875 cents on the euro, meaning a 69.125 cents pay-out per euro for protection buyers -
CLO managers on alert as five credits drive Crossover index rout
5 years ago
Five constituents of iTraxx Crossover have hit big bumps this week, fuelling a noticeable underperformance of the European credit default swap index against its US counterpart yesterday in a reversal of the recent trend -
10 bidders line up for Astaldi CDS auction as Morgan Stanley swaps in for Mizuho
5 years ago
There will be 10 participating bidders to an auction to settle Astaldi credit default swaps, with the Determinations Committee unanimously approving Morgan Stanley’s involvement as Mizuho dropped out -
Astaldi credit event auction deadline looms for participating bidders
5 years ago
Firms wishing to take part next week in a credit event auction to settle Astaldi credit default swaps have until 5pm London time today (23 November) to submit participating bidder letters to the Determinations Committee -
US pension commits $100 million to Apollo's hybrid private credit/private equity fund
5 years ago
Pennsylvania State Employees’ Retirement System has mandated $100 million to a multi-strategy fund managed by New York-based Apollo Global Management -
Värde picks up $250 million for Asia credit fund in just four months
5 years ago
Värde Partners has gained $250 million total sales in just four months for its Asia-focused credit fund, US regulatory filings show -
San Francisco pension fund to deploy up to $4.5 billion in private debt
6 years ago
The City and County of San Francisco Employee’s Retirement System has revealed details of its new private debt pacing plan - which will see it deploy up to $4.5 billion and partner with up to 25 private debt managers over the next six years -
Atalaya closes $900 million credit fund at its hard cap
6 years ago
Atalaya Capital Management has held a final close for its fourth income fund – Asset Income Fund IV (AIF IV) – at its $900 million hard cap, exceeding its $750 million target size -
Energy PE firm Orion closes second credit opps fund at $816 million
6 years ago
Orion Energy Partners, a private equity firm providing capital solutions to mid-market energy infrastructure businesses, has closed its second credit opportunity fund at $816 million -
Manager raises $120 million for European credit opps fund to launch in Q4
6 years ago
A London-based alternative asset manager is set to launch a credit fund with a specialty finance focus and a target size of $750 milion -
Z Capital passes $100 million fundraising mark for credit fund
6 years ago
Z Capital has raised $106 million for its Credit Tactical Fund, according to a market source -
Fund platform AMX eyeballs credit funds
6 years ago
Willis Towers Watson’s hedge fund platform has grown to $1.5 billion – and there is space for credit managers -
Sound Point targets Italian mid market for special situations fund
6 years ago
Sound Point Capital Management is understood to be targeting between $200 million and $300 million for a new European credit hedge fund
Want all the latest news, comment, analysis and data?